Dispora: Formula E Commitment Fee Budget Complies with Procedures and Regulations
Reported by Aldi Geri Lumban Tobing | Translated by
The Jakarta administration has paid the commitment fee for Formula E event in accordance with procedures and all applicable regulations and through the approval of the Jakarta Legislative Council (DPRD).
The loan has been paid off through the disbursement of the agency's DPPA in December 2019
After being chosen as the host of the 7th 2020 electric car racing event (ABB FIA Formula E World Championship), the administration must pay a commitment fee at least one year before the event, which is in 2019.
Jakarta Youth and Sports Agency (Dispora) Head, Achmad Firdaus said that the allocation for the payment of all commitment fees had been discussed with the legislature and its allocation had been approved in the 2019 Budget Change Implementation Document (DPPA). "Payment of term 1 commitment fee by Rp 180 billion in October 2019 through a short-term loan from Bank DKI conducted in accordance with applicable regulations. The loan has been paid off through the disbursement of the agency's DPPA in December 2019," he expressed, Tuesday (11/9), as quoted by Jakarta PPID's press release.
Jakarta Officially Hosts ABB FIA Formula E 2022Operational Budget
The budgeting scheme starts from planning, discussing with the legislature, until the approval is made to become the draft bylaw (raperda), has considered the allocation of each city working plan (RKPD). The administration has allocated a budget according to needs, such as flood management, health, social, infrastructure, religious programs, until transportation, including Formula E. It is done separately and does not overlap each other in each regional organization (OPD).
Jakarta World City
Formula E event is one of the breakthroughs and thoughts to align Jakarta, as the host, with cities in the world where world-class sporting events and activities are held. It will be broadcast live through 40 international media and will be watched by more than 400 million viewers from 150 countries. It was previously planned in 2020 but had to be cancelled due to Covid-19, and will be held on June after passing through discussion with the FEO.
